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Corporate Responsibility

AAPL

GOOG

GOOGL

HOOD

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) is holding its ground in the digital payments sector despite competition from Big Tech companies like Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), and new entrants like Robinhood (NASDAQ:HOOD). PayPal reported a 14% increase in total payment volumes to $403.9 billion for the quarter ended March 31, with net revenue up 10% to $7.7 billion. The company has lifted its full-year adjusted profit guidance, signaling confidence in its growth trajectory and focus on profitable growth through cost discipline and service enhancements.

Portfolio Pulse from Upwallstreet

May 13, 2024 | 7:40 pm

USDTUSD

XRPUSD

Tether CEO Paolo Ardoino responded to Ripple CEO Brad Garlinghouse's criticism of USDT, emphasizing its role in global finance and its compliance with regulatory standards. Ardoino defended USDT's stability, liquidity, and the company's efforts against illegal activities, highlighting its collaboration with law enforcement worldwide.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 6:31 pm

JNJ

Johnson & Johnson's subsidiary Ethicon's Megadyne division is discontinuing its Mega Soft Pediatric Patient Return Electrodes due to reports of patient burns, including some third-degree injuries. The FDA has classified this as a Class I recall, affecting 21,200 devices over two years, with an expansion in December 2023 to restrict use to patients 12 years and older. This decision impacts approximately 9,500 units and follows reports of at least 63 injuries but no deaths. The recall specifically targets the 0840 pediatric pad, designed for patients under 12, after a root cause investigation linked certain conditions to potential thermal injuries.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 6:30 pm

CGTX

Cognition Therapeutics is set to be issued US patent number 11,981,636 for compositions aimed at treating neurodegenerative diseases, including Alzheimer's disease and cognitive decline. This development could significantly impact the company's portfolio and position in the market for treatments of such conditions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:02 pm

AAL

ALK

DAL

JBLU

LUV

UAL

Major U.S. airlines, including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Holdings, and Alaska Air Group, have filed a lawsuit against the U.S. Transportation Department over a new rule requiring upfront disclosure of fees. The airlines argue that the rule, which aims to enhance consumer transparency and prevent unexpected charges, is confusing and infringes on private business operations. Southwest Airlines is not part of the lawsuit, supporting certain provisions of the rule.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 5:35 pm

SPY

The US Federal Energy Regulatory Commission has approved a significant overhaul for electric transmission, mandating regions to undertake 20-year planning processes. This move is aimed at enhancing the reliability and efficiency of the electric grid, facilitating the integration of renewable energy sources, and potentially reducing costs for consumers. The decision could have broad implications for utility companies, renewable energy developers, and investors in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:33 pm

RXRX

Recursion Pharmaceuticals shares are trading higher following the announcement of the completion of BioHive-2.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:21 pm

TSLA

Tesla has rehired some of the Supercharger workers it dismissed last month, including Max De Zegher, the Charging Director for North America, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:07 pm

NDAQ

Nasdaq is reportedly considering the sale of Solovis, a part of its efforts to streamline operations, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:14 pm

FXI

MCD

McDonald's is actively cooperating with the local market regulator in China to investigate and verify reports of food issues, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:38 pm